JSH Ep. #34: What are Stablecoins??
Jun 14, 2021 ·
32m 16s
Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference. Stablecoins may be pegged to a currency like the U.S. dollar or to a commodity's price...
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Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference.
Stablecoins may be pegged to a currency like the U.S. dollar or to a commodity's price such as gold.
Stablecoins achieve their price stability via collateralization (backing) or through algorithmic mechanisms of buying and selling the reference asset or its derivatives.
Follow me on IG; @jeremyspeakshere
Follow me on FB: Jeremy Speaks Here
Come conversate with me Mondays, Wednesdays & Fridays On Twitch: thensl4life
New JSH episodes Available everyday at 6:30pm EST on Spreaker, SoundCloud and Apple Podcasts.
show less
Stablecoins may be pegged to a currency like the U.S. dollar or to a commodity's price such as gold.
Stablecoins achieve their price stability via collateralization (backing) or through algorithmic mechanisms of buying and selling the reference asset or its derivatives.
Follow me on IG; @jeremyspeakshere
Follow me on FB: Jeremy Speaks Here
Come conversate with me Mondays, Wednesdays & Fridays On Twitch: thensl4life
New JSH episodes Available everyday at 6:30pm EST on Spreaker, SoundCloud and Apple Podcasts.
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